China in the Wake of Asia's Financial Crisis

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1997
Abundant Liquidity
asian
Asian Fi Nancial Crisis
Asian Financial Crisis
basic
Capital Adequacy Ratio
Category=KCM
Central Government
Central Huijin Investment
China Construction Bank
China's Capital Market
China's Financial System
China's Social Welfare System
China’s Capital Market
China’s Financial System
China’s Social Welfare System
Chinese Government
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
exchange
Exchange Rate
Exchange Rate Regime
Fi Nancial Crisis
financial sector reform China
fiscal
globalisation economic impact
Joint Stock Banks
Macro Economy
macroeconomic policy Asia
Non-performing Loan Ratios
Non-performing Loans
policy
post-1997 Asian crisis policy response
proactive
Proactive Employment Policy
Proactive Fi Scal Policy
Proactive Fiscal Policies
rates
rmb
RMB Appreciation
RMB Exchange Rate
RMB Yuan
rural economic development
social welfare policy analysis
state-owned enterprise restructuring
Total Factor Productivity
yuan

Product details

  • ISBN 9780415464697
  • Weight: 750g
  • Dimensions: 156 x 234mm
  • Publication Date: 20 Nov 2008
  • Publisher: Taylor & Francis Ltd
  • Publication City/Country: GB
  • Product Form: Hardback
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This book examines China’s response to the Asian financial crisis of 1997, both in its immediate aftermath and in the years since. The crisis caused turmoil throughout Asia’s economies, and precipitated wholesale reform of economic and financial policies and institutions across the region. As one of Asia’s largest economies, China responded to the crisis more successfully than many others, avoiding devaluation of its currency, whilst undertaking financial reform, restructuring state-owned enterprises, rural development, and social security systems. This book considers all of these issues, showing how the lessons drawn from the crisis have helped shape China’s policies of liberalisation and market-orientated reform, including its attitude towards globalisation and the outside world in general. Based on research conducted by the China Development Research Foundation, one of China’s leading think-tanks, this book includes contributions from senior policy makers in the Chinese government and some experts participating directly in the government’s policy-making process to assess the effects generated by the country’s related policies, making it an indispensable account of China’s own thinking on its response to the financial crisis.

Wang Mengkui is former President of the Development Research Center of the State Council, and is currently Chairman of the China Development Research Foundation.